Nick the Greek Franchise FDD, Profits & Costs (2025)
Nick the Greek is a fast-casual franchise serving authentic Greek cuisine. The menu includes gyros, souvlaki, and other Mediterranean dishes. Founded in 2014 by three cousins named Nick, it began with a mission to bring genuine Greek street food to their community.
The first location opened in San Jose, California, where the company’s headquarters remain. The franchise has grown rapidly and now operates multiple units across several states.
Nick the Greek started franchising soon after its launch, becoming a standout in the fast-casual dining industry. The brand focuses on quality, using fresh, premium ingredients for flavorful dishes.
What sets the franchise apart is its mix of traditional Greek recipes with a modern twist. The restaurants feature vibrant branding and a welcoming atmosphere, appealing to a broad audience.
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Initial Investment
How much does it cost to start a Nick the Greek franchise? It costs on average between $415,000 – $597,000 to start a Nick the Greek franchised restaurant.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the type of restaurant you choose, the location, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $35,000 |
| Rent | $8,000 – $16,000 |
| Lease, Utility & Security Deposits | $8,500 – $16,500 |
| Licenses & Permits | $6,000 – $23,000 |
| Design & Architectural Fees | $8,700 – $14,500 |
| Leasehold Improvements | $193,000 – $222,000 |
| Signage | $4,750 – $13,000 |
| Furniture & Fixtures | $19,000 – $33,000 |
| POS/Back Office System | $8,000 – $20,000 |
| Equipment | $60,000 – $88,000 |
| Professional Services | $1,500 – $5,000 |
| Initial Inventory | $15,500 – $22,000 |
| Insurance | $1,800 – $4,000 |
| Travel & Living Expenses While Training | $5,000 – $10,000 |
| Grand Opening Advertising | $10,000 – $15,000 |
| Additional Funds – 3 Months | $30,000 – $60,000 |
| Total | $414,750 – $597,000 |
Average Revenue (AUV)
How much revenue can you make with a Nick the Greek franchise? A Nick the Greek franchised restaurant makes on average $1,402,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $1,132,000 yearly revenue for similar other food franchises. Below are a few Nick the Greek competitors as a comparison:
The most profitable franchises to own in 2025
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Nick the Greek Franchise Disclosure Document
Frequently Asked Questions
How many Nick the Greek locations are there?
As of the latest data, Nick the Greek operates over 75 locations across several states, including California, Nevada, Arizona, Texas, Kansas, Missouri, and Utah. The company plans to surpass 100 locations systemwide by mid-2025
What is the total investment required to open a Nick the Greek franchise?
The total investment required to open a Nick the Greek franchise ranges from $415,000 to $597,000.
What are the ongoing fees for a Nick the Greek franchise?
Nick the Greek franchisees pay a 6% royalty fee on gross sales for brand support and operational systems, along with a 2% marketing fee to fund advertising and promotional efforts.
What are the financial requirements to become a Nick the Greek franchisee?
To become a Nick the Greek franchisee, candidates are typically required to have a minimum net worth of $500,000 and at least $200,000 in liquid capital.
These financial prerequisites ensure that potential franchisees possess the necessary resources to support the initial investment and operational costs associated with opening and maintaining a Nick the Greek restaurant.
How much can a Nick the Greek franchise owner expect to earn?
The average gross sales for a Nick the Greek franchise are approximately $1.4 million per location. Assuming a 15% operating profit margin, $1.4 million yearly revenue can result in $210,000 EBITDA annually.
Who owns Nick the Greek?
Nick the Greek is owned by YTG Enterprises, led by Anil Yadav, who acquired a controlling interest in the fast-casual chain in December 2022, while the founding cousins, all named Nick Tsigaris, remain involved in its operations.
Disclaimer
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